Q:

What are the benefits of using a General Motors MasterCard?

A:

Quick Answer

The benefits of using a BuyPower card include 5 percent earnings on the initial $5,000 in purchases, unlimited 2 percent earnings on other types of purchases, and no expiration date for earnings, according to General Motors. A GM Extended Family card features 1 percent earnings on all purchases.

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Full Answer

The earnings of GM Extended Family cardholders expire after seven years, notes General Motors. While BuyPower card users do not earn cash back on purchases, those who use a GM Extended Family card earn 1 percent cash back in $50 increments.

The BuyPower Business card features 5 percent earnings on purchases of GM vehicle parts and services at participating dealers, states General Motors. BuyPower Business card users also earn 3 percent when paying for purchases at restaurants, office supply stores and gas stations, and they earn 1 percent on other types of purchases. BuyPower, GM Extended Family and BuyPower Business card users can combine their earnings with existing GM offers and incentives.

BuyPower cardholders also enjoy price protection, in which they receive a refund for the price difference if they find a cheaper price within 120 days of an eligible purchase, explains General Motors. Additionally, they enjoy an extended warranty, wallet protection, identity-theft resolution services, premium MasterCard travel deals and concierge services. With the MasterRental Insurance, cardholders receive payment for covered damages to a rental vehicle.

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